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| Benefits & Requirements |
| What's in Your Financial Future? |
Nancy Dunnan’s publication, Dun & Bradstreet Guide to Your Investments, has long been considered excellent advice for individuals hoping to get a handle on their personal finances. You can use some of the guidelines recommended in the book to get your own finances in order. Recommend these guidelines to your employees as well, or ask about other retirement planning information we can provide.
In your 20s and 30s:
- Write your will
- Set up a savings plan
- Buy a house
- Invest in at least one growth mutual fund
- Get disability insurance, and life insurance if you have kids
- Begin contributing to a retirement plan
- Start your IRA
In your 40s and 50s
- Do all of the above, if you haven’t already
- Invest for income as well as growth
- Put part of your portfolio into tax-exempt investments
- Fund your retirement plan to the max
- Think carefully about buying long-term-care insurance
- Draw up a durable power of attorney or living trust, and a living will
- Pay off your mortgage before you retire
In your 60s or at retirement
- Invest more for income, but keep some growth stocks
- Aim to reinvest income and gains to beat inflation
- Review your will and estate plan
- Investigate retirement housing
- Talk to your family about your estate plans and funeral wishes
- Revise your will, if necessary
We’re set to help you and your employees make some important steps toward financial security. Call today to find out what options we can offer you.
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